Thrivent Financial for Lutherans Invests $2.37 Million in Hecla Mining (NYSE:HL)

Thrivent Financial for Lutherans purchased a new stake in shares of Hecla Mining (NYSE:HL - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 355,889 shares of the basic materials company's stock, valued at approximately $2,373,000. Thrivent Financial for Lutherans owned 0.06% of Hecla Mining as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Continuum Advisory LLC boosted its holdings in Hecla Mining by 313.6% in the second quarter. Continuum Advisory LLC now owns 6,551 shares of the basic materials company's stock valued at $32,000 after acquiring an additional 4,967 shares in the last quarter. Innealta Capital LLC bought a new stake in Hecla Mining during the 2nd quarter valued at approximately $41,000. Sound Income Strategies LLC purchased a new position in shares of Hecla Mining during the 3rd quarter worth approximately $49,000. Ballentine Partners LLC purchased a new position in shares of Hecla Mining during the 2nd quarter worth approximately $54,000. Finally, Oak Family Advisors LLC bought a new position in shares of Hecla Mining in the 2nd quarter worth approximately $55,000. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Hecla Mining

In other Hecla Mining news, VP Kurt Allen sold 108,612 shares of the business's stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $6.77, for a total value of $735,303.24. Following the completion of the transaction, the vice president now owns 173,700 shares of the company's stock, valued at approximately $1,175,949. The trade was a 38.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.40% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. StockNews.com cut Hecla Mining from a "hold" rating to a "sell" rating in a research note on Thursday, October 17th. HC Wainwright reaffirmed a "buy" rating and issued a $10.25 target price on shares of Hecla Mining in a research report on Thursday, August 8th. TD Securities lowered their price target on shares of Hecla Mining from $8.50 to $8.00 and set a "buy" rating for the company in a research report on Friday, November 8th. National Bank Financial cut shares of Hecla Mining from a "strong-buy" rating to a "hold" rating in a report on Friday, November 8th. Finally, Roth Mkm decreased their target price on shares of Hecla Mining from $6.25 to $6.00 and set a "buy" rating for the company in a research note on Thursday, August 8th. One analyst has rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $7.94.

Hecla Mining Stock Up 1.1 %

Hecla Mining stock traded up $0.06 during mid-day trading on Thursday, reaching $5.49. The stock had a trading volume of 10,183,189 shares, compared to its average volume of 9,334,658. Hecla Mining has a one year low of $3.33 and a one year high of $7.68. The company has a 50-day moving average price of $6.40 and a two-hundred day moving average price of $5.89. The company has a market capitalization of $3.45 billion, a price-to-earnings ratio of -137.25 and a beta of 2.00. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.09 and a quick ratio of 0.54.

Hecla Mining (NYSE:HL - Get Free Report) last issued its earnings results on Wednesday, November 6th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.01. Hecla Mining had a negative net margin of 2.27% and a positive return on equity of 0.75%. The business had revenue of $245.09 million during the quarter, compared to analysts' expectations of $232.03 million. During the same period in the previous year, the company earned ($0.01) earnings per share. The business's revenue for the quarter was up 34.7% compared to the same quarter last year. On average, analysts expect that Hecla Mining will post 0.06 EPS for the current fiscal year.

Hecla Mining Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Thursday, November 21st will be given a $0.0138 dividend. The ex-dividend date is Thursday, November 21st. This represents a $0.06 annualized dividend and a yield of 1.00%. Hecla Mining's dividend payout ratio (DPR) is presently -125.00%.

Hecla Mining Profile

Hecla Mining Company, together with its subsidiaries, provides precious and base metal properties in the United States, Canada, Japan, Korea, and China. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for custom smelters, metal traders, and third-party processors; and doré containing silver and gold.